Daily review of BTC interval 1HHello everyone, let's look at the BTC to USDT chart on a 1-hour time frame. As you can see, the price is moving sideways and is about to exit the triangle.
Let's start with the support line and as you can see the first support in the near future is $16751, if the support is broken then the next support is $16657, $16556 and $16425.
Now let's move to the resistance line, as you can see the first resistance is $16868, if you manage to break it, the next resistance will be $16956, $17062, then we can see a rapid rise to $17371.
Looking at the CHOP indicator, we see that in the 1-hour interval, part of the energy is strongly charged, the MACD indicates a local downtrend, while the RSI has recovered and there is room for price increases.
Dailybtc
Daily review of BTC interval 4HHello everyone, let's look at the BTC to USDT chart on a 4-hour time frame. As you can see, the price has fallen below the local uptrend line.
Let's start with the support line and as you can see the first strong support is at $17199, if the support is broken then the next support is $17044 and $16924.
Now let's go from the resistance line, as you can see the first resistance is $17702, if you manage to break it, the next resistance will be $17919, $18097 and $18276.
Looking at the CHOP indicator, we see that in the 4-hour interval, the energy begins to gain strength, the MACD indicator confirms the local downtrend, while the RSI shows a rebound, but we are still around the middle of the range, which may indicate a continuation of the correction.
Bitcoin Price at $20,000 Before Halving Is Realistic as BTCAfter the Bitcoin price surged by over 30 percent overnight, a crypto trader says BTC has got above crucial TA levels
The Bitcoin price has gone against all recent bearish predictions by surging over 30 percent overnight and skyrocketing by around $2,000. The Crypto Twitter is heatedly discussing this event.
A crypto analyst from Amsterdam has tweeted that this is good news indeed - now, as per him, Bitcoin charts show that BTC is above all vital indicators and that the recovery of the 2017 all-time-high is realistic before the halving occurs next year.
$17,000 - $20,000 per BTC is ‘realistic’ before May 2020
The crypto analyst and trader @CryptoMichNL has tweeted that currently Bitcoin price pattern is similar to that of early 2016. He assumes that BTC is now above all the important indicators and so achieving the levels of $17,000-$20,000 before the halving in May 2020 is realistic.
Which is proved by Buyanylight prediction they are doing there IEO which is top company in Dubai having real existence business now they are going on blockchain after telegram. So they said that the bitcoin can be likely go up to 20.000 USD on May 2020